Insmed Incorporated is expected to post earnings of ($ 0.71) per share in the first quarter of 2022 (NASDAQ: INSM)

Insmed Incorporated (NASDAQ: INSM) – SVB Leerink investment analysts released their first quarter 2022 EPS estimates for Insmed in a research report released to clients and investors on Friday, August 6. SVB Leerink analyst J. Schwartz expects the biopharmaceutical company to post earnings per share of ($ 0.71) for the quarter. SVB Leerink also released estimates for Insmed Q2 2022 earnings at ($ 0.72) EPS, Q3 2022 earnings at ($ 0.74) EPS, and Q4 2022 earnings at ($ 0.75 EPS ). Insmed (NASDAQ: INSM) last released its quarterly results on Thursday, August 5. The biopharmaceutical company reported ($ 1.07) earnings per share for the quarter, missing the consensus estimate of ($ 0.89) of ($ 0.18). The company posted revenue of $ 45.37 million in the quarter, compared to analysts’ estimates of $ 43.72 million. Insmed recorded a negative return on equity of 103.03% and a negative net margin of 190.36%. Insmed’s turnover is up 6.8% compared to the same quarter last year. During the same period of the previous year, the company posted EPS ($ 0.64).

Several other equity research analysts have also weighed on the company recently. Morgan Stanley lowered its price target on Insmed from $ 58.00 to $ 56.00 and set an “overweight” rating for the company in a report released on Monday, May 10. Zacks Investment Research downgraded Insmed’s stock from a “hold” rating to a “buy” rating and set a price target of $ 31.00 for the company in a report released Thursday, July 8. Seven research analysts rated the stock with a buy rating. The stock currently has an average rating of “Buy” and a consensus target price of $ 50.57.

NASDAQ INSM shares opened at $ 25.60 on Monday. The company has a debt ratio of 1.86, a quick ratio of 5.52, and a current ratio of 6.16. The company has a market cap of $ 2.65 billion, a P / E ratio of -8.10 and a beta of 2.23. The company has a 50-day simple moving average of $ 27.02. Insmed has a minimum of $ 23.16 over 52 weeks and a maximum of $ 45.44 over 52 weeks.

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Several hedge funds have recently increased or reduced their stakes in the company. Virtus ETF Advisers LLC increased its stake in Insmed shares by 2.8% in the 1st quarter. Virtus ETF Advisers LLC now owns 15,678 shares of the biopharmaceutical company valued at $ 534,000 after acquiring 426 additional shares in the last quarter. Eaton Vance Management acquired a new position in Insmed shares in Q1 valued at approximately $ 36,000. Calton & Associates Inc. increased its equity stake in Insmed by 21.9% in the 1st quarter. Calton & Associates Inc. now owns 8,988 shares of the biopharmaceutical company valued at $ 306,000 after purchasing an additional 1,613 shares during the period. Teacher Retirement System of Texas increased its stake in Insmed shares by 17.5% in the 2nd quarter. Teacher Retirement System of Texas now owns 13,374 shares of the biopharmaceutical company valued at $ 381,000 after purchasing an additional 1,995 shares during the period. Finally, Harbor Investment Advisory LLC acquired a new position in Insmed shares in the second quarter valued at approximately $ 58,000.

About Insmed

Insmed Incorporated is a global biopharmaceutical company with a mission to transform the lives of patients with severe and rare diseases. Insmed’s first commercial product is ARIKAYCE® (Amikacin Liposome Inhalation Suspension), which is approved in the United States for the treatment of Mycobacterium avium complex (MAC) lung disease as part of a regimen Combined antibacterial for adult patients with little or no alternative treatment option.

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Insmed revenue history and estimates (NASDAQ: INSM)

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